Jan 26 2011, 08:39 AM
QUOTE(DarkNite @ Jan 14 2011, 01:12 PM)
I've survey that place but not 100% owners are from Malaysia. Some I know are from Singapore. These owner from that island, speaking from experience knows good property on an island will always appreciate very well.
BTW An other good area on the island is the old houses in Greenlane. Yesterday a double storey semi-D, original price was 24k in 1964, was knock down to be re-built after it was sold for RM1.24million.
If I was a foreigner, I wouldn't buy landed property in Penang. Why? Rental yield is terrible! Average terrace house in Penang rents for under RM1.5k, price >500k!BTW An other good area on the island is the old houses in Greenlane. Yesterday a double storey semi-D, original price was 24k in 1964, was knock down to be re-built after it was sold for RM1.24million.
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